Holding(s) in Company

Drax Group PLC
12 February 2007


12 FEBRUARY 2007

                                 DRAX GROUP PLC
                           ('Drax' or the 'Company')

                                  Symbol: DRX

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1.       Name of Issuer

Drax Group plc


2.       Reason for notification

An acquisition or disposal of voting rights


3.       Full name of person(s) subject to the notification obligation

Amvescap plc


4.       Full name of the shareholder(s) (if different from 3 above)

                                                                             -


5.       Date of the Transaction

07 February 2007


6.       Date on which issuer notified

09 February 2007


7.       Threshold(s) that is /are crossed or reached

18%


8.       Notified Details

(A) Voting Rights Attached to shares

Number of Voting Rights (InDirect) - 67,072,974

% of Voting Rights (Direct) - 18.18%

(B) Financial Instruments

  -

Total (A)+(B)

Total number of Voting Rights - 67,072,974

Total % of Voting Rights - 18.18%


9.       Chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held

ABN Amro Bank 151,947
Bank of Ireland 917,436
Bank Austria (Frankfurt) 58,274
Banque Paribas 92,934
Banque Paribas Jersey 67,337
Credit Agricole Indosuez (Luxembourg) 69,584
Chase Nominees 1,047,101
Vidacos Nominees 54,149,981
Deutsche Apothecar Und Aerzte 9,503
Dresdner Bank (Frankfurt) 16,104
Erst Bank (Vienna) 5,703
HSBC 1,111,377
Kommunal Kreit Deportbank AG (Austria) 12,796
Mellon Bank, Pittsburgh 553,267
B.Metzler sel.Sohn & Co.KG (Frankfurt) 123,032
Morgan Stanley (London) 31,950
SCHI (Santander Central Hispanio Investment) 22,718
State Street Trust & Banking Co (London) 7,659,424
Northern Trust Company (London) 946,838
WGZ Bank 19,724
Westlandebank Dusseldorf 6,944


Proxy Voting


10.   Name of Proxy holder

 -


11.   Number of voting rights proxy holder will cease to hold

 -


12.   Date on which proxy holder will cease to hold voting rights

 -


13.   Any additional information

 -


14.   Name of contact and telephone number for queries

Phil White (01757 612167)


15.   Name and signature of authorised company official responsible for making
this notification

Peter Rothwell, Company Secretary


                                   ENDS



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